In 1974, Cyprus was split into an internationally recognized Greek Cypriot south and the breakaway Turkish Cypriot north. Turkey invaded Cyprus after supporters of unification with Greece organized a coup. Turkish Cypriots declared independence in 1983, but are only recognized by Turkey, which maintains 35,000 troops there. For the first time in a generation there […]
Category: Economics & Trade Policy
This article is in response to Trevor Whitney's article Is the Dollar Dying? — “In truth, the gold standard is already a barbarous relic.” John Maynard Keynes This year, the Republican Party polished off an idea formerly relegated to the dustbin of history. In its official party platform, the GOP calls for a commission to […]
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Is the Dollar Dying?
It's rectangular. It's green. It doesn't dissolve after a cycle in the washing machine. The dollar is probably the most recognizable symbol of the United States’ economic strength. After the American economy emerged as the most powerful global economic force at the end of the second World War, the United States found itself the guarantor […]
This op-ed was originally posted on the Global Economic Governance 2012 Blog. It can be found here: https://globaleconomicgovernance2012.wordpress.com/2012/10/08/trade-and-murder-the-misfortunes-of-the-cities-of-san-pedro-sula-and-ciudad-juarez/#more-67 Honduras’ industrial capital, San Pedro Sula, generates two-thirds of the country’s Gross Domestic Product (GDP), according to The Economist. The city of 1.2 million people is one of the top five exporters of clothes by volume to the United States, […]
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Russia Joins the 90%
This op-ed was originally posted on the Global Economic Governance 2012 Blog. It can be found here: https://globaleconomicgovernance2012.wordpress.com/2012/10/08/russia-joins-the-90/ On August 22, 2012, after the longest accession process in the history of the international body, the Russian Federation became the 157th nation to officially join the World Trade Organization. It took 18 years, but the Working Party (WP), […]
Next time you drive around town, count the number of payday lenders you see. Signs for title loans are likely to pop up every other block. If you have never used a payday loan before, then you might be as ignorant as I was about how they operate. The Pew Charitable Trusts recently released its report "Payday […]
History cannot help us see the future, but it can help us avoid the mistakes of the past. The Senate passed, and the majority of the House would support, legislation that will penalize China for keeping its currency undervalued and enable trade tariffs, but risks ill will and a trade war with China. This […]
Two weeks ago, when President Obama announced his plan to ensure that millionaires pay at least the same tax rate as middle-income Americans, tax cut advocates came out in force. Some fiscal conservatives rumbled against the United States’ overly progressive taxation system, arguing that many countries, like Denmark, have flatter tax rates than the […]
“Americans are rapidly losing faith in the ability of Congress to deal with our country’s fiscal problems. Only action that is immediate, real and very substantial will prevent that doubt from morphing into hopelessness. That feeling can create its own reality.” This statement stood out to me as I read an op-ed written by […]
While much of the world continues to languish in a starting and stopping economic recovery, China’s impressive development and economic growth have proceeded with only the slightest of pauses. Its 30-year track record and ability to maintain full speed ahead during the recent downturn have only solidified many observers’ opinions that China provides an […]